Navigating 2025’s Game-Changing Tax Reforms for Individuals and Businesses
With tax season upon us, taxpayers across the nation are trying to grasp the many tax changes for 2025. Central to these transformations is the One Big Beautiful Bill Act (OBBBA), a comprehensive tax reform. This pivotal legislation introduces a range of changes that will directly impact virtually everyone’s tax return—whether a working individual, a […]
Video Tips: Change to Educator’s Deduction Under OBBBA
Beginning in 2026, the One Big Beautiful Bill Act (OBBBA) restores the educator’s itemized deduction for qualified unreimbursed expenses and retains the $350 (for 2026) above-the-line deduction. Educators who itemize their deductions can allocate their expenses between the two methods.